Vista-Backed Auto Data Firm Solera Files Confidentially for IPO

Vista Equity Partners-backed automotive data and software services provider Solera Global Corp. has filed confidentially for an initial public offering.

Westlake, Texas-based Solera announced the filing in a statement Wednesday and didn’t offer any additional details. Its IPO could launch as soon as July and raise more than $1 billion, Bloomberg News has reported. The company has picked banks including Goldman Sachs Group Inc., Morgan Stanley, Bank of America Corp. and Jefferies Financial Group Inc.to work on the offering, people familiar with the matter have said.

Solera is a global software-as-a-service provider of integrated vehicle ...